External Reserves Soars to $34 billion
Nigeria's external reserve hit a new milestone in June, rising to $34.07 billion, the highest level since March 2024.
This information comes from the Central Bank's external reserve position as of June 26, 2024. Last week, the external reserve reached a three-month high when it rose to $33.5 billion.
Reserves have continued to surge since then, topping $34 billion for the first time since March 21, when it was $34.2 billion. The external reserves have now swelled by a substantial $1.3 billion since June.
However, the main drivers of the growth in reserves remain unclear.
